Analysis Article • Aug 04
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Malaysian (KLSE) Machinery Industry Analysis
UpdatedAug 13, 2026
DataAggregated Company Financials
Companies52
- 7D2.4%
- 3M13.7%
- 1Y40.6%
- YTD32.7%
In the last week, the Machinery industry is up 2.4%, with Tong Herr Resources Berhad leading the way with a 25% gain. This takes the industry's 12 month performance to a gain of 41%. Looking forward, earnings are forecast to grow by 35% annually.
Industry Valuation and Performance
Has the Malaysian Machinery Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 14 Aug 2026 | RM 27.6b | RM 11.8b | RM 519.5m | 16.1x | 53.1x | 2.3x |
| Sun, 12 Jul 2026 | RM 25.8b | RM 11.7b | RM 499.7m | 15x | 51.6x | 2.2x |
| Tue, 09 Jun 2026 | RM 23.6b | RM 11.6b | RM 471.0m | 16.1x | 50.1x | 2x |
| Thu, 07 May 2026 | RM 22.5b | RM 11.4b | RM 481.1m | 14.5x | 46.7x | 2x |
| Sat, 04 Apr 2026 | RM 18.4b | RM 11.4b | RM 479.9m | 13.6x | 38.3x | 1.6x |
| Mon, 02 Mar 2026 | RM 20.1b | RM 11.2b | RM 480.0m | 15.5x | 41.9x | 1.8x |
| Wed, 28 Jan 2026 | RM 20.5b | RM 11.4b | RM 632.6m | 14.2x | 32.4x | 1.8x |
| Fri, 26 Dec 2025 | RM 20.9b | RM 11.3b | RM 628.0m | 14.7x | 33.2x | 1.8x |
| Sun, 23 Nov 2025 | RM 20.2b | RM 11.4b | RM 480.7m | 15.6x | 42x | 1.8x |
| Tue, 21 Oct 2025 | RM 21.3b | RM 11.4b | RM 435.9m | 18.8x | 48.9x | 1.9x |
| Thu, 18 Sep 2025 | RM 19.8b | RM 11.4b | RM 433.9m | 18x | 45.6x | 1.7x |
| Sat, 16 Aug 2025 | RM 19.3b | RM 11.3b | RM 593.7m | 19.8x | 32.5x | 1.7x |
| Mon, 14 Jul 2025 | RM 18.7b | RM 11.2b | RM 591.5m | 19.6x | 31.6x | 1.7x |
| Wed, 11 Jun 2025 | RM 17.6b | RM 11.5b | RM 561.4m | 20.5x | 31.3x | 1.5x |
| Fri, 09 May 2025 | RM 17.8b | RM 11.4b | RM 600.9m | 18.4x | 29.6x | 1.6x |
| Sun, 06 Apr 2025 | RM 17.1b | RM 11.4b | RM 603.3m | 19.5x | 28.3x | 1.5x |
| Tue, 04 Mar 2025 | RM 18.9b | RM 11.3b | RM 586.6m | 20x | 32.2x | 1.7x |
| Thu, 30 Jan 2025 | RM 21.5b | RM 11.2b | RM 317.8m | 19.4x | 67.6x | 1.9x |
| Sat, 28 Dec 2024 | RM 23.1b | RM 11.1b | RM 301.8m | 19.6x | 76.5x | 2.1x |
| Mon, 25 Nov 2024 | RM 21.3b | RM 10.9b | RM 481.7m | 21x | 44.2x | 2x |
| Wed, 23 Oct 2024 | RM 21.2b | RM 10.9b | RM 530.9m | 20.3x | 39.9x | 1.9x |
| Fri, 20 Sep 2024 | RM 21.4b | RM 10.8b | RM 519.3m | 20.3x | 41.3x | 2x |
| Sun, 18 Aug 2024 | RM 24.0b | RM 10.7b | RM 371.2m | 24.6x | 64.6x | 2.3x |
| Tue, 16 Jul 2024 | RM 26.8b | RM 10.6b | RM 382.5m | 27x | 70.2x | 2.5x |
| Thu, 13 Jun 2024 | RM 27.1b | RM 10.6b | RM 388.7m | 23.2x | 69.8x | 2.6x |
| Sat, 11 May 2024 | RM 24.8b | RM 10.6b | RM 459.4m | 21.9x | 54x | 2.3x |
| Mon, 08 Apr 2024 | RM 22.4b | RM 10.6b | RM 454.5m | 19.6x | 49.3x | 2.1x |
| Wed, 06 Mar 2024 | RM 21.9b | RM 10.6b | RM 477.6m | 20.8x | 45.8x | 2.1x |
| Fri, 02 Feb 2024 | RM 19.4b | RM 10.3b | RM 469.2m | 19.6x | 41.5x | 1.9x |
| Sun, 31 Dec 2023 | RM 21.8b | RM 10.5b | RM 787.1m | 20.8x | 27.6x | 2.1x |
| Tue, 28 Nov 2023 | RM 21.4b | RM 10.6b | RM 798.5m | 19.6x | 26.7x | 2x |
| Thu, 26 Oct 2023 | RM 21.8b | RM 10.6b | RM 819.9m | 20.5x | 26.6x | 2x |
| Sat, 23 Sep 2023 | RM 22.5b | RM 10.6b | RM 812.9m | 21.2x | 27.7x | 2.1x |
| Mon, 21 Aug 2023 | RM 22.3b | RM 10.8b | RM 1.0b | 18.2x | 21.8x | 2.1x |
Price to Earnings Ratio
21.8x
Current Industry PE
- Investors are optimistic on the Malaysian Machinery industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 53.1x which is higher than its 3-year average PE of 44.3x.
- The 3-year average PS ratio of 1.9x is lower than the industry's current PS ratio of 2.3x.
Past Earnings Growth
- The earnings for companies in the Machinery industry have declined 20% per year over the last three years.
- Meanwhile revenues for these companies have grown 2.8% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Malaysian Industrials industry?
| MY Market | 0.43% | |
| Industrials | 1.20% | |
| Machinery | 2.39% | |
| Industrial Machinery | 2.74% | |
| Agricultural Machinery | 0% | 0 |
| Construction Machinery and Vehicles | -0.19% | |
Industry PE
- Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 48.2x.
- Analysts are expecting annual earnings growth of 34.1%, which is higher than its past year's earnings decline of 3.1% per year.
- Investors are most pessimistic about the Construction Machinery and Vehicles industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 23.7x.
Forecasted Growth
- Analysts are most optimistic on the Construction Machinery and Vehicles industry, expecting annual earnings growth of 44% over the next 5 years.
- This is better than its past earnings decline of 2.0% per year.
- In contrast, the Industrial Machinery industry is expected to see its earnings grow by 34% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| TONGHER Tong Herr Resources Berhad | RM 2.38 | 25.3% +RM 73.7m | 54.5% | PE80.2x | |
| KOBAY Kobay Technology Bhd | RM 2.59 | 9.3% +RM 70.4m | 110.6% | PE74x | |
| BMGREEN BM GreenTech Berhad | RM 1.90 | 5.6% +RM 68.8m | 8.6% | PE25x | |
| SAM SAM Engineering & Equipment (M) Berhad | RM 4.40 | 1.9% +RM 54.2m | 5.5% | PE66.6x | |
| ECA ECA Integrated Solution Berhad | RM 0.39 | 20.3% +RM 37.6m | 148.4% | PS5.7x |